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Dogecoin has garnered investors’ attention as the golden cross forms on its daily price chart. DOGE price is set to soar exponentially in this bull run after attaining an intraday surge of 18%.
Just like Dogecoin, DTX Exchange is also gaining huge attention! The reason for the market craze surrounding the DTX token is primarily the launch of Phoenix wallets. DTX Exchange has grabbed the spotlight since its launch, but the current Phoenix wallet launch has helped it gain new highs.
Dogecoin (DOGE), a well-known meme coin, saw an 18% increase in price today. A huge green candle currently marks its daily chart. DOGE token is currently trading above $0.2042, the highest price since the end of October, and if we zoom out from the fall 2024 timeframe, it is the highest price since May as a result of this activity.
The DOGE price has increased by over 19% since the start of the week, with the only obvious resistance being at $0.175. In the current session, the DOGE price has soared explosively after crossing this resistance level. The daily price chart shows a rapid ascent for the Dogecoin token.
The rapid ascent of Dogecoin corresponds with the creation of a golden cross on its daily price chart. A technical analysis phenomenon known as the "golden cross" is essentially the crossing of short- and long-term moving averages.
The price of Dogecoin, rose more than 21% in the next 128 days, from a low of $0.07 in November 2023 to a high of $0.23 in March 2024, the last time this occurred. The current rally replicates the trend of ascent after the formation of the golden cross for the meme coin.
An emerging hybrid platform, DTX Exchange, has created havoc in the DeFi space with its presale mania. DTX’s entry in round four of its presale has caused a stir in the market. The platform's commitment to user sovereignty and security is demonstrated by the recent release of the Phoenix Wallet, a noncustodial wallet for DTX users.
With this kind of wallet, users would have complete access to their trading funds without the confusion that comes with using custodial wallets because it doesn't require KYC verification. This wallet's addition will support DTX's objective of allowing traders to own all of its assets, increasing its appeal to investors who value anonymity.
The hybrid platform from DTX cleverly gives new and experienced traders access to cutting-edge trading capabilities. In extremely turbulent markets, users can execute algorithmic trading, quantitative analysis, and automated trading in addition to receiving 1000x leverage options.
The technological infrastructure and scalability of the platform have substantially helped DTX by drawing in more traders. Along with direct trading benefits, DTX Exchange offers additional revenue-sharing incentives, like a 3% VIP refund to liquidity contributors. These solutions address the slippage problems that decentralized exchanges bring, making the platform perfect for high-volume trading.
DTX has established itself as a significant player in the decentralized finance (DeFi) field as a result of these tools' significant increase in community participation. Investors are increasingly seeking early positions before the next price increase in the upcoming round, as evidenced by the ongoing presale, which saw 58% of token sales.
The hybrid trading platform is becoming more costly, as seen by the 50% increase in token prices to an estimated $0.10 per token in the next presale round. DTX has readily raised $6.7 million on 70% completion of stage four of its presale.
DTX Exchange’s Phoenix wallet is being considered like Dogecoin’s golden cross as the DTX token’s presale is set to surge after its launch, replicating the DOGE price surge!
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